18:22 Apr 16, 2019 |
Spanish to English translations [PRO] Bus/Financial - Insurance | |||||||
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| Selected response from: Cecilia Q Clare United States Local time: 05:17 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 | (no - CT - withholding) applies to the part intended to pay off |
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3 | to the party that will cancel the debt |
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Discussion entries: 1 | |
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to the party that will cancel the debt Explanation: They withheld from the party in charge of covering the debt. Again, this is my interpretation. |
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(no se aplica retención) a la parte destinada a la cancelación (no - CT - withholding) applies to the part intended to pay off Explanation: ,,, the debts (outstanding) with XXX. CT = corporation tax and not called corporate tax in the UK vs. the US (La empresa tomadora sólo lo debe declarar en el Impuesto de Sociedades) cf- ACT = UK advance corporation tax payable of old. It looks like the payer need not withhold tax from payment to the payee, but it's not a good idea to spell it out if not explicit in the wording. Reference: http://en.wikipedia.org/wiki/Withholding_tax |
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